Coin/Token Shilling, Is it really that bad?

[Bttzed03]

We have already seen in the past that some influencers have used this method already to pump their bags then dump to their followers that is why when we see/read someone shilling a coin or token, the usual reaction for most of us is to avoid it. But what if what's being shilled is also one of your bags? Would you say that it is bad and people should avoid it? I guess not.

I think many of the top cryptos today (even bitcoin) has been shilled at some point. This makes shilling not necessarily a bad thing. So what should be done when we see a coin/token being shilled? You can either ignore or dig deeper and see what makes it unique (and profitable).

Opinions?

[Flux0z]

Always Do Your Own Research.
Shilling is everywhere, and a ton of people ignore coins just due to seeing it mentioned on a forum, or somewhere else.
I've profitted huge from shilled coins, because they actually had something to offer (Sure hype had a lot to do with it as well).

But as always, if you blindly buy whatever you see marketed, you'll lose a lot of money (potentially).
I don't see nothing wrong with shilling, as long as it's informative, and not like "You're a fucking IDIOT if you don't buy this RIGHT now" - type of shilling.

[Bttzed03]

But as always, if you blindly buy whatever you see marketed, you'll lose a lot of money (potentially).

Well said. I've seen a lot of people fell for this back in 2017. Perhaps greed comes to play in these kind of situations also.

The most famous shiller in cryptocurrency world is John McAfee, we know it. But imagine if it's not him, but someone else said the same words as he did, would we call it "shilling"?

I don't know. Maybe. There are many crypto personalities on twitter also who does the same thing.

[tycsols]

To be honest im against the intential pump and dump schemes and groups but if the project is good and team is pro active they can always have a positive marketing strategy where they can post about every positive event and try to promote their project by keeping everyone updated regularly. I think this is way better strategy than shilling and spamming new coins that may put negative impact on coin trust.

[laskybok]

Most of the times, those who shill coins or tokens play on the ignorance of noob, which is most times common in the crypto space.
Can you still remember the bull run era? Most of those who lost during the bear market and after which the bull ended, were ignorant of happened wings in the crypto space.
Well, I will not engage in propagating or shilling coins around, because it will look like setting trap for others. Instead, I keep watch at the exchange(s) regularly or better still CMC for an opportunity to sell high and sometimes, I just set my desired price on exchange and leave it there.

[crwth]

Everyone has tried to shill something that they believe is going to work, and I think someone that tried a bounty could be considered with that. Think about it; people getting paid to share their information or basically preach about a particular coin or a project. It isn't necessarily bad, but it can be knowing that a project could be a scam or not.

In the end, it's still the individual’s responsibility to research that particular project, and hopefully, it would be legitimate. Right now, I doubt there would be a gem within all the projects coming out.

[bigcash2011]

Shilling is just like a marketing tacting but spamming the posts especially with links is very bad, i have seen even senior team members shilling their coins both directly and indirectly but that does not mean we should invest blindly in the coin being shilled still we need to check every aspect of the project before investing.

[Kevlar]

We have already seen in the past that some influencers have used this method already to pump their bags then dump to their followers that is why when we see/read someone shilling a coin or token, the usual reaction for most of us is to avoid it. But what if what's being shilled is also one of your bags? Would you say that it is bad and people should avoid it? I guess not.

I think many of the top cryptos today (even bitcoin) has been shilled at some point. This makes shilling not necessarily a bad thing. So what should be done when we see a coin/token being shilled? You can either ignore or dig deeper and see what makes it unique (and profitable).

Opinions?

I believe that every person is trying to promote those technologies in which he believes himself and which he likes. Of course, he has tokens of such a project and he is financially interested, because the faith in the project must be supported by money! Therefore, you should always analyze your own projects.

[wywoc]

Right. All have shilling, more or less. The news you read daily is released for many purposes. So the most important thing is still your understanding of the project, as well as consider if the project has many people interested.

[mindrust]

It gives you an idea about the project.

If is being overdone, the impression I get about the coin is usually negative. Nano for example, It is being shilled heavily on reddit and now whenever I hear nano or banano I just want to puke. Same goes to xrp and iota too but luckily they have slowed down the level of shilling lately which is good.

[Reid]

It will never stop. It is the nature of the financial market. Taking something down to bring something up.
A new one should be on top and the old one should be buried.

It is just that they cannot take bitcoin down since the features of it are still better than the new ones who are just copying it.
The privacy is still there which you could not see with others anymore.
Another is even when there is no one leading it, it just moves by itself in value and to serve something better.

If that could be seen on the coin or token that is in your bag then, should you worry about the shills?

[ashmodeus]

for god sake,
how u can ignoring it,when ur asset going die ?
even me, hard to sleep because it.
but well, since we are trader, we must prepare for it.

for me , i try to trade it when the dump coming.

[odukoyaewatomi27]

I personally don't blame influencers or analysts that shill coins and tokens for their followers but I blame the followers for blindly following it. It shows they are lazy and unwilling to do their research. If someone try to shill a coin for you, do your research before you commit to buying it.

[timmmers]

Here shilling is not supported and you will probably receive negative trust. Only what you can shill here is Bitcoin, thats why this forum is called Bitcointalk. 

[CoinsOrDie]

We have already seen in the past that some influencers have used this method already to pump their bags then dump to their followers that is why when we see/read someone shilling a coin or token, the usual reaction for most of us is to avoid it. But what if what's being shilled is also one of your bags? Would you say that it is bad and people should avoid it? I guess not.

I think many of the top cryptos today (even bitcoin) has been shilled at some point. This makes shilling not necessarily a bad thing. So what should be done when we see a coin/token being shilled? You can either ignore or dig deeper and see what makes it unique (and profitable).

Opinions?

Shilling may not be supported but its a common occurrence in cryptocurrency. Even top CEOs like Justin Sun and CZ directly and indirectly shill there's coins to investors. Its a necessary evil employed to attract new investors to your project using the green candles as indicators. Even many of us here indirectly shill bitcoin because we love and believe in the crypto project and believe that expansion will come with adoption

[olabiyijummy02]

Coin shilling is very bad and can lead to huge losses. I committed an error like when I just begun investing in ICOs that was shilled by influencers. I was an enormous devotee of ian balina and I pursued his lead to invest some Eth in sparkster. That ended up being my most exceedingly terrible investment ever, it had the most exceedingly awful group any project could have, the tokens were bolted for over a year and when it was discharged it lost over 90% of its incentive on the main day.

[JeffBrad12]

Coin shilling will give an impact as a suggestion but when you have been deciding to invest based on your research and it has a little chance to affect your decision. It's not that really bad at all. Some times there are persons who are shilling for good coin like major or bitcoin too.

[rdewilde]

I agree with your last paragraph. When a project is shilled instead of informing completely we can take out time and know what actually happened or why the shilling is taking place. Also, if it is one of our bags, of course we will join so as to dump on the available person just as we were dumped on in the first place.
So it all means that, in all cases make your research and be safe.

[irixo10]

Everyone is after what he wants, most people shilling coins might be victims of dump and when they see the opportunity they won't hesitate to shill so as to recover. On the other hand also, when a project gets listed, most people will shill so as increase the price then dumping too. So when one looks at shilling, to an extent it is bad and to an extent it isn't as everyone has his own reason for shilling which can still be justified. The only way out to studying the project to know if it's worth it.

[michellee]

We need to sell the coin when it reached the high price so we can also get the profit like them. We don't have to afraid with them because as long as we know the right them to act, we can make the profit too. But we cannot always get in the right time and only prepare for the worst thing that we can do now.